FIU Manager Complex Customer Risk (Remote)

Southstate Bank•Va, NC

1d•$85,153 - $136,024•Remote

About The Position

The SouthState story is one of steady growth, deep community roots, and an unwavering commitment to helping our customers move forward. Since our beginnings in the 1930s to becoming a trusted financial partner across the South and beyond - we are known for combining personal relationships with forward-thinking solutions. We are committed to helping our team members find their success while maintaining the integrity of our values: building trust, fostering lasting relationships and pursuing excellence. At SouthState, individual contributions are recognized, potential is cultivated and team members are inspired to achieve their greater purpose. Your future begins here! SUMMARY/OBJECTIVES The FIU Manager/Complex Customer Risk supports the Bank’s enterprise-wide BSA/AML/OFAC Program to assist management in minimizing the Bank’s exposure to BSA/AML/OFAC risk by performing up front and ongoing due diligence of complex commercial customers utilizing a variety of resources and tools to assess customers for BSA/AML/OFAC risk and recommend appropriate risk mitigation. The FIU Manager/Complex Customer Risk must keep abreast of the current and emerging BSA/AML/OFAC regulations and financial crime trends and understand the Bank’s risk appetite to assist in managing and identifying higher risk accounts. It is the policy of SouthState Bank to comply with the Bank Secrecy Act (BSA), USA PATRIOT Act, and the requirements of the Office of Foreign Assets Control (OFAC), and other related anti-money laundering/ anti-terrorist financing initiatives.  The Bank has established a Bank Secrecy Act/ Anti-Money Laundering/Office of Foreign Assets Control (BSA/AML/OFAC) Compliance Program, covering all requirements of the BSA, USA PATRIOT Act and OFAC rules and regulations.  Upon completion of required training, the Board of Directors of SouthState Bank shall hold each employee accountable for adhering to the established operating procedures and internal controls as set forth in the Bank’s BSA/AML/OFAC Program.  Continued instances of non-compliance or willful violation of law may result in disciplinary action, up to and including termination.

Requirements

Familiarity with various AML monitoring systems and commercial research databases
Familiarity with complex customers such as third party payment processors and senders, private equity/venture capital, program managers, institutional investors and FinTech companies
Strong research and problem resolution skills
Ability to work and thrive in a fast paced, high intensity, high demand and deadline driven environment
Self-motivated, dependable, adaptable, and detail-oriented with strong analytical and organizational skills
Proficient with PC work, including Microsoft Outlook, Word, Excel, PowerPoint, and other varying software if/as needed; knowledge of and ability to use internal bank systems a plus
Excellent oral and written communication skills
Ability to draft reports, prepare documents, and compose letters, memorandums, and business correspondence
Ability to interface with all business lines and legal entities and people of varying level, title and knowledge
Ability to read, analyze and interpret Federal and State banking regulations related to the Bank Secrecy Act and anti-money laundering
Education : Bachelor’s degree preferred
Experience : 7 years minimum of related BSA/AML experience in a management capacity
Minimum 3 years supervisor or management experience
Experience in mentoring and coaching subordinates to develop the requisite skills to achieve full potential
Experience managing multiple people and projects
Experience performing customer due diligence and enhanced due diligence at an advanced level
Experience monitoring, reviewing and analyzing account activity in order to identify unusual or suspicious activity
In-depth knowledge of BSA/AML regulations and regulatory expectations related to higher risk customer types
Strong understanding of bank operations including but not limited to navigating banking systems, understanding teller transactions and interpreting customer transactions

Nice To Haves

CAMS (Certified Anti-Money Laundering Specialist) and/or CAFP (Certified AML and Fraud Professional) preferred

Responsibilities

Manage the department workflow and ensure duties of staff are performed as expected
Conduct periodic quality control reviews to ensure high risk reviews are properly documented and unusual activity referrals are generated as warranted
Develop and propose recommendations to address BSA/AML/OFAC risks and processes requiring enhancements
Understand trends in underlying customer data and detect risks that warrant decisioning
Discuss and escalate unique complex customer types, structures, financial products, services, and other AML risks
Analyze new and existing complex business relationships to determine risk and provide recommendations for approval or denial
Assist in the creation and maintenance of case files documenting all information used in the review of certain higher risk industries
Ability to read, analyze and interpret Federal and State banking regulations related to the Bank Secrecy Act and Anti-Money Laundering statutes and regulations
Maintain proficiency in all aspects of BSA/AML compliance; attend regular BSA trainings as assigned
Adhere to all provisions of SouthState Bank policies and procedures, including the confidentiality policy, code of ethics and BSA/AML/OFAC policies and procedures
Provide recommendations on adding, retaining, or removing customers to/from the bank’s high risk customer monitoring process through collaboration with management
Other duties and responsibilities may be assigned, according to the needs of the Bank
Familiarity with bank operations in general